Less income tax on money in third-party account

What has changed?

Are you planning to buy company assets? Such as business premises, machinery, or a company car? And do you have a sole proprietorship (eenmanszaak), general partnership (vof), limited partnership (cv), or professional partnership (maatschap)? If you put money into a third-party account of a notary or law firm for these purchases, this money will now be taxed as bank balance money instead of as 'other receivables'. You have to pay less tax in box 3 of your income tax as a result. In your 2023 income tax return, you pay 0.36% tax on these funds, instead of the 6.17% levied on other receivables.

For whom?

• Entrepreneurs who have a legal business structure without legal personality and file an income tax return. Such as a sole proprietorship (eenmanszaak), general partnership (vof), limited partnership (cv), or professional partnership (maatschap).

When?

The change in law has entered into force on 1 January 2024, with retroactive effect from 1 January 2023.